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  #1  
January 25th, 2016, 09:59 AM
Unregistered
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Personal Loan DBS

Hey buddy can you please tell me little information about cash line personal loan offer by the DBS bank for the customer?
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  #2  
January 25th, 2016, 10:19 AM
Super Moderator
 
Join Date: Mar 2012
Re: Personal Loan DBS

On your demand buddy I will help you here to get the details about cash line personal loan offer by the DBS bank for the customer

Benefits of the loan
Borrow cash at 8.88% p.a and get savings up to 91%1!

Get up to 4X2 your monthly salary or up to 10X2 if your annual income is S$120,000 and above

Quick access to cash using funds transfer, complimentary chequebook or withdraw from DBS/POSB ATMs islandwide with no withdrawal fee

Eligibility criteria to apply for it
Nationality Singaporean or Permanent Resident

Age 21 years and above

Minimum gross annual income S$20,000 – below S$30,000
S$30,000 and above

Effective Interest Rate 25.8% per annum
8.88% per annum for first 12 months^ Prevailing interest rate of 19.8% per annum will apply thereafter
Fee and charges of the loan
Minimum monthly repayment
2.5% of outstanding balance or S$50, whichever is higher

Minimum interest charge
S$10

Late payment fee
S$90

Late payment interest adjustment#
Additional 6% above effective interest rate (the effective interest rate is also referred to as Prevailing Interest Rate)

Annual fee
S$80 (waived for first year)

Overlimit fee
S$40

Here are the documents required for the loan

Singapore Citizen/Permanent Resident
NRIC (Front and Back), AND
Income Documents (any ONE of the following)

Salaried Employees Any ONE of the following:
Latest 12 months’ CPF Contribution History Statement+
Latest Computerised Payslip
Salary Crediting into DBS/POSB Account^^
Latest Income Tax Notice of Assessment with either A or B or C

Variable/Commission-based Employees
Any ONE of the following:

Latest 12 months’ CPF Contribution History Statement+
Latest 2 years’ Income Tax Notice of Assessment

Self Employed
Latest 2 years’ Income Tax Notice of Assessment

Address:-
DBS Bank
3, Salarpuria Windsor Ulsoor Road Bangalore 560 042

Phone:-
+91-080-6632 8888


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